Position sizing
Gearin up for a little GGC action tomorrow. Big earnings release after the close. I will take position sometime tomorrow during the day and will post a short update to let everyone know position size and also strike price and expiration. I am looking at the August 2006 $35 out of the money calls right now which will probably run in the $.50 to $1.00 range per contract. I am expecting a move of at least 20% in the stock and I am willing to take leveraged bet into it. Big question is how much capital to commit - it will probably be some place between $1,000 and $2,000 - although I have not made final decision on how much.
Best regards,
BG
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